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Search Results 0 to 35 of about 36 (some duplicates have been removed)
haven't seen any political progress here. >> right. and mohamed, let me ask you this. let's talk act the first piece of damage we may see, which we saw during the debt ceiling debate, the idea that the u.s. gets its credit rating hurt again. there's been some talk about it from fitch. the net result of lowering the u.s.' credit rating the last time around and-in the debt debacle, it's kind of sad because the first experience most people have with that is it wasn't as bad as we were warned it was going to be. is there a real danger to the u.s.' debt rating and what could that mean? >> at some point, there was a danger. the reason why we haven't felt it is because we've been doing better than rest of the world. this concept that my colleague, bill gross says, wear the cle cleanest dirty shirt. so we're not clean but we're cleaner than europe is right now. >> right. >> so we haven't felt it. my main worry is the following, that if the republicans and democrats can't get together to solve the fiscal cliff you will need an external force, a major market sell-off, you will need a major eco
reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. and if the private sector were left to its own devices, it would heal faster. unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solu
in washington. thank you. >>> chaos in cairo. egyptian president mohammed morsi returning to the presidential palace overnight. he left amid clashes between police and 100,000 protestors. look at that. they are outraged over her recent power grab. it shows there should be great concern about morsi. >> people have said the muslim brotherhood is moderate, it is responsible, it will not be a problem if it takes power has been proven wrong i think beyond a shadow of a doubt. this man is in power through whatever means he can get it. >> steve harrigan has more from cairo on the clashes. >> real escalation by the opposition protestors. in cairo square they are on the move moving toward egypt's presidential palace. they cut through bashed wire. in the end the protestors had tear gas at the wall of the complex. h mohammed morsi was in the compound. he left not to flee but at the end of a normal workday. he does not reside in that palace. the demonstration shows the agenda is a referendum december 15th. they will be voting on a controversial constitution that has divided the country from secular and i
it is obvious that mohammed morsi fully intends to create hard line islamist regime there as explained in the last 80 years of the group's history. somehow "the new york times" manages to find that moderate, unquote. jon: you're right, jim it is kirkpatrick, that's why you're so good keeping an eye on the media, including me. let's see what president obama had to say when hosni mubarak was in power listen to this. >> it is not the role of any other country to determine egypt's leaders, only the egyptian people can do that. what is clear, and what i indicated tonight to president hosni mubarak is my belief that an orderly transition must be meaningful, it must be peaceful, and it must begin now. jon: so, the president got his wish. hosni mubarak ended up leaving office and look at what we have. who is this guy, this muslim brotherhood member, alan? >> it wasn't up to president obama to change government in egypt. it didn't happen because of president obama it happened because of an arab spring and it happened organically because the people in egypt, which is the way it should happen, we
system. following protests by supporters of president mohamed morsi, the court went on strike and joined the judicial rebellion against morsi which began after morsi gave himself absolute authority and immunity from the judicial system. >>> after school special. why the school day will get longer the for tens of thousands of children. this is the morning news. thousands of children. this is the morning news. [ elizabeth ] i like to drink orange juice or have lemon in my water... eat tomato sauce on my spaghetti. the acidic levels in some foods can cause acid erosion. the enamel starts to wear down. and you can't grow your enamel back. i was quite surprised, as only few as four exposures a day what that can do to you. it's quite a lesson learned. my dentist recommended that i use pronamel. because it helps to strengthen the enamel. he recommended that i use it every time i brush. you feel like there is something that you're doing to help safeguard against the acid erosion. and i believe it's doing a good job. five days later, i had a massive heart attack. bayer aspirin was the first thing
and holland and company. and tomorrow tonight, we'll have more analysis on the fed decision. mohamed el-erian joins us. he's the c.e.o. of pimco. >> tom: still head, british bank hsbc agrees to pay a record fine for laundering mexico drug money. >> susie: it's a major hit to organized labor-- michigan approved legislation today that would greatly limit labor rights. protestors swarmed the state capital as lawmakers passed a bill prohibiting unions from requiring employees to join and pay dues. the move would make michigan, one of the most union-friendly states, the 24th "right to work" state, where union dues are voluntary. >> tom: more bumpy skies for boeing's 787 dreamliner. boeing's much anticipated and high-profile plane was grounded last week, according to "the new york times." the federal aviation administration also has ordered that fuel line connectors on all 787s be inspected. analysts call these problems minor hiccups. but as sylvia hall reports, the dreamliner's profitability to boeing right now is raising bigger concerns. >> reporter: boeing's 787 dreamliner promises to use
, this is in cairo. it was there last night that supporters and owe points of president mohamed morsi clashed. they hurled rocks and molotov cocktails at each other. at least five people were killed, hundreds injured. the root of the violence is what many believe is morsi's grab for power. ian lee joins us this morning. what's happening right now. >> reporter: we have the elite republican guard, the people tasked with protecting the president. they are putting up barbed wire and road blocks, diverting traffic and people away and trying to keep the two sides, the pro-morsi and the anti-morsi protesters away from each other. last flight we saw thousands of pro-morsi supporters camp outside of the presidential palace, that is after they went there and removed, by force, the anti-morsi protesters. but now we have a small -- protests are planned for today against morsi and their plan to defe descend, again, on the presidential palace. >> a direct constitution has been approved and egyptians are scheduled to vote on it next week. is there something in this proposal that has protesters so angry? >>
. this is what it looks like as the planet begins -- and i underline begins -- to warm pita mohamed mursi had been declared the winner in each presidential race. >> we will respect agreements and international law as well as egyptian commitments and treaties with the rest of the world. >> to talk about the significance of election, we are joined by sharif of del produce. >> the first democratically elected in egypt's history. his win marks a victory over the lingering remnants of mubarak's regime. >> chief justice john roberts prove to be the surprise deciding vote. joining with the court's liberal members. >> the highest court in the land has not spoken. we will continue to implement this law and we will work together to improve on where we can. >> me state the positive first. this really is a huge victory for our side. in spite of all of my concerns with this law, it did not go far enough, it does not cover all americans, it is not true universal health care. nonetheless, the right wing has been handed a serious defeat today. >> we begin today's show in mexico where the old ruling party, th
from violence as protests are escalating right now between those who support mohammed morsi and those who opposed him. fierce street battles today killed five people and left more than 600 injured. outside the presidential palace. that is the worst outbreak of violence since morsi's election. the protests began two weeks ago when morsi took almost absolute power by exempting himself from judicial oversights and his spoofers quickly passed a draft constitution. at a white house briefing yesterday, press secretary jay carney refused to take sides or to say whether president obama supports the islamist leader but he did say the united states continues to have an important relationship with egypt. >>> turning to a disaster here at home, the white house says it will send in an emergency request to capitol hill this week asking for up to $60 billion to help recover from hurricane sandy. if approved, much of the money will go toward rebuilding homes and communities but top administrators say they want at least some of the f
to terror attack in benghazi. the "wall street journal" reports mohammed abu. many believe the leader of a new wing of al qaeda. meantime the secretary of state hillary clinton now agreeing to testify in benghazi attack in an open hearing. elena roth laytonnen says she with will testify before the end of the year but no date has been set. two australian shock jocks have been yanked off the air indefinitely after that prank involving kate middleton it took a tragic turn. a nurse at the hospital where the nurse was being treated was found dead on friday. she reportedly killed herself after all of this. she was duped by the dj's believing that the keep was on the phone for kate: kate william -- prince william and kate -- the supreme court could agreed to legal challenges ban on california's same sex marriage as well as the federal defense of marriage act. that act restricts federal benefits that gay couples can get by defining marriage as something that can only exist between a man and a woman. the court will hear both cases in march. 700-million-dollar power ball jackpot come forward.
mohammed al ariane has probably been more of a proponent of the new normal. i don't know whether that's a pimco idea, the firm that pimco came up with following the fiscal crisis -- not the fiscal -- financial crisis. if you still believe that, what if we never get to 6.5%. >> well, hi, joe. it's great to see you. you're exactly right. just a month ago chairman bernanke for the first time acknowledged that the u.s. has structurally lower economic growth. but we've been calling the new normal for the last few years. and you're exactly right. that means the fed, if you combine that with yesterday's announcement, that means the fed is going to be exceptionally easy for a long time, and that it could be a couple years or could be three, four years, maybe even longer, because unemployment is now structurally higher. we hope it's 6.5% is not the new naru, the new minimum unemployment. certainly it is increasing. the longer people stay unemployed the more structural it becomes. the fed is really in a box here. they're trying to engineer financial market outcomes. trying to raise the prices o
that's backed by islamists and president mohammed morsi. supporters of morsi and protesters threw rocks at each other, and riot police intervened with tear gas. officials said at least 40 people were injured. it was unclear who started the fight. north korea has detained an american citizen, and says he confessed to unspecified crimes. he was identified today as kenneth bae, a korean-american tour operator from washington state. north korean state media said he entered the country, with a tour, on november 3. the north has detained five other americans since 2009. all were released, eventually. american leaders past and present paid tribute today to the late senator daniel inouye of hawaii. a crowd filled the national cathedral in washington for the service honoring the japanese- american who became a war hero and served in the senate more than 50 years. president obama recalled watching inouye during the televised watergate hearings in 1973. >> to see this man, this senator, this powerful, accomplished person who was not a central cast. and the way he commanded the respect of an entire
's 52 million registered voters. president mohammed morsi and his muslim brotherhood backed the draft constitution. opponents warned it paves the way for islamic rule and curbsd on civil liberties. the six persian gulf arab nations demanded an end to what they called iranian interference. they issued a statement today as the end of the gulf cooperation council's annual summit. the statement gave no details. the six u.s.-allied countries also called for swift international action to end the bloodshed in syria.in in central asia, a military plane crashed early this morning in kazakhstan, killing 27in people, including the country's head of border security.ll the russian-made aircraft went down near the southern city of shymkent. the dead also included seven crew members and 19 border guards. there was no immediate word on the cause of the crash, but kazakhstan has been plagued by heavy winds and snow in recent weeks. the long-time actor charles durning died monday at his home in new york. he came to be known as the "king of the character actors" in a 50-year career that spanned 5 broadw
indefinitely after supporters of president mohammeds mo morsi prevented judges from entering the building. >>> a strong warning today from secretary of state hillary clinton to the syrian government over the potential use of chemical weapons. one official in the obama administration told cnn there are worrying signs that syria may be considering the use of such weapons against rebels. new this morning, this mayor of this town along the border with turkey told cnn that jets dropped two bombs wounding several people. >>> it is 18 minutes past the hour. we are getting an early read on your local news making national headlines this story from "the boston globe." a year after the paper found that stores and restaurants across massachusetts were intentionally mislabeling fish. guess what? the practice continues. dna testing shows some business are showing cheaper, lower quality fish instead of what is written on the label. in one case, slices of what were supposed to be white tuna at a sushi shop were an oily species of fish that can cause digestive issues. that's terrible. >>> the "new york ti
, almost looking at quarters. mohamed el-erian from pimco said he was worried about the third quarter reporting season because there was a finite about about what companies could do from the top and they had to focus on the top line. so in october, however, we saw a bit of a recovery from q3. and our flash figures were 2%, 2.5% in october. we have not told the market what we did in november, but it was better than october. and so we've ended up, you know, towards the end of november, after november, up by 3%, a little bit more than 3%, actually. >> yeah. >> and december, we have to wait and see. because we get another attack he of quarter-itis, so you have to be very careful. >> any lessons to be learned at all? is anything to go going to be next year than what it was? >> caution prevails. we have these gray swans, the unknown unknowns. we don't know what's going to happen. but the known unknowns are clearly the eurozone we're talking about, which will muddle through. china ma had soft landing. brics had a soft landing. the third area is in the middle east which you know a lot about,
elections. >>> demonstrations raging in egypt as president mohammed morsi and the muslim brotherhood push through a new hard-line islamist constitution. egypt's high court suspending its work indefinitely when morsi's supporters prevented them from entering into the courthouse to rule on the constitution. those are the headlines. back to tracy. tracy: lauren green, thank you very much. auto companies reporting strong november sales today. ford, chrysler, toyota and nissan and hyundai reported strong sales due to hurricane sandy. jeff flock is in chicago with more. hey, jeff. >> i think it is, sandy and we all thought it was going to be. now barclays and as well as ford said they think about 30,000 new vehicles more than normal were purchased as a result of hurricane sandy did. trashed a lot of cars out there. that is just the way it goes. some of course did better than others. here's the deal. there is a lot of reasons to buy a car right now. interest rates low. credit much more available. new technology out there sparking people to, you know, to buy new cars that have the new technology
to overthrow a dictator of 30 years, even if he was an american ally. and now you have mohamed morsi behaving like a, well, a dictator. and he's now got roughly 39, 40 political parties in egypt rising up against him. it is a mess. >> what you're seeing in places like egypt is the difference between democracy and majoritarianism. winning elections is the easy part. the question is whether they can govern, whether there's any tolerance for minorities, for multiple points of view. he did a power grab. there's now pushback. i think it's wrong to assume, though, that all the people pushing back are necessarily democrats. >> no. >> a lot of people are just going to try to take advantage. >> but everybody's pushing back, and certainly elements of mubarak's regime are looking for an opportunity to regain some power. but you also have coptic christian pushing back, other islamists pushing back, some even more extreme. >> exactly. >> you have all elements pushing back here. i'm absolutely bewildered as to why morsi thought he could get away with this. >> these are guys, morsi, who are either in jail o
and spending cuts take hold. >> opponents of egyptian president mohamed morsi are not letting up. they're calling for nationwide protests after morsi refused to set a date. he gave himself sweeping parties and wasn't enough to appease his critics. >> packers quarterback aaron rodgers running for a 27-yard touchdown. yeah, that's the longest in his career. green bay's 27-20 victory over detroit. packers now have an nfl record 22-game winning streak at home against the lions and can clinch the nfc north next weekend. but that would require a win over chicago. it's hanukkah time. that's what they did in washington sunday. the national hanukkah menorah was illuminated during a ceremony outside the white house. it stands adjacent to the white house christmas tree. as he's done for 20 years, the rabbi presided over that ceremony. 20 years. that is quite a streak. >> very nice. thank you. >>> 49 minutes past the hour. people waking up in minnesota right now have a little work to do, i would say so. there is as much as 17 inches of snow waiting to be shoveled outside. in some parts of the stat
are true even if mohamed morsi believes them. and one of those things is that there are a lot of old regime people around that have been really working to bring him down from the inside. even paranoids have enemies. he's a deeply paranoid guy right now. but he also is facing a lot of internal enemies. the overwhelming sense i had, mika, from being in egypt is how little the people there know each other. they have a blue states/red states problem that makes ours look like a day at the beach. and that's really -- as the lid has come off and you have these less religious brotherhood people and middle and upper class people from cairo and alexandria, these people do not know each other at all. this country really needs to go on a long weekend retreat. >> yeah, i don't think that's going to happen. you know, we saw the same thing, interestingly enough, in 2009 in iran where you had a lot of people in the cities opposing ahmadinejad, and you had people in more rural areas being far more conservative and supporting ahmadinejad. but carl bernstein, one of morsi's biggest problems right now is we lo
assad, his country's military police chief just switched sides and joined the rebels. mohammed is monitoring the situation from lebanon and joins us live. >> reporter: joe, the day began with news that major general, chief of military place in syria, had defected, had decided to join as he called it the people's uprising. he posted a video in which he stated his reasons for why he was defectsing, one of which was that the syrian military had betrayed the ideal as of syria and gone after the syrian people. now, we heard from rebel-free syrian army members throughout the day that in fact the fsa had helped transport the major general across country lines from syria into turkey. they say is he safe, that is he in turkey. they've also said they're willing to help other military officials in syria defect, but that they wouldn't be willing to help for much longer. the rebels feel they are the upper hand. they're saying that it's only a small window of time, they're giving other military officials in syria to defect, otherwise they won't look kindly upon their actions. the rebels beli
Search Results 0 to 35 of about 36 (some duplicates have been removed)